Following a closed beta that drew 20,000 participants, the platform is now live for global users. By leveraging Arc as a settlement layer, Wirex One provides a unified interface for spending, borrowing, and yield generation. The service utilizes Privy’s non-custodial wallet technology to bridge the gap between institutional-grade security and the ease of use required by everyday consumers.
Wirex Launches Stablecoin Neobank for Mass Affluent Market
Too wealthy for retail banking but often ignored by traditional private institutions, the mass affluent market now has a dedicated financial home. Wirex has officially launched Wirex One, a stablecoin-native neobank built on the Arc blockchain, designed to offer private banking features with full asset ownership.
Wirex One offers a range of features including a stablecoin-funded card with up to 8% cashback, multi-currency accounts, and fee-free global ATM withdrawals. The platform’s membership model provides higher rewards and dedicated account management, alongside access to crypto assets. CEO Pavel Matveev noted that the platform aims to redefine private banking by providing a system that users control directly, rather than one managed by traditional intermediaries. With Wirex’s broader infrastructure reaching $2 billion in annualized card spend, the company plans to expand its offering in the coming weeks to include tokenized equities and perpetuals.
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